AZEK (NYSE:AZEK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

AZEK (NYSE:AZEK) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $48.00 to $58.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 10.67% from the company’s current price.

AZEK has been the subject of several other research reports. UBS Group lowered their price objective on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Truist Financial raised their price target on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets upped their price objective on AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Stifel Nicolaus lowered their target price on AZEK from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Loop Capital lowered AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research note on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, AZEK presently has a consensus rating of “Moderate Buy” and an average price target of $49.82.

AZEK Stock Down 1.7 %

AZEK opened at $52.41 on Monday. The firm’s 50-day simple moving average is $45.59 and its 200-day simple moving average is $44.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. AZEK has a twelve month low of $31.17 and a twelve month high of $54.16. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 2.29 and a beta of 1.88.

Institutional Trading of AZEK

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC grew its stake in AZEK by 69.8% in the third quarter. Tidal Investments LLC now owns 10,587 shares of the company’s stock valued at $495,000 after acquiring an additional 4,352 shares during the period. Sanctuary Advisors LLC grew its stake in AZEK by 97.8% in the third quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company’s stock valued at $572,000 after acquiring an additional 5,553 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in AZEK by 11.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 57,701 shares of the company’s stock valued at $2,700,000 after acquiring an additional 5,815 shares during the period. Geode Capital Management LLC grew its stake in AZEK by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock valued at $109,105,000 after acquiring an additional 12,644 shares during the period. Finally, M&T Bank Corp grew its stake in AZEK by 140.5% in the third quarter. M&T Bank Corp now owns 14,473 shares of the company’s stock valued at $677,000 after acquiring an additional 8,456 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

About AZEK

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.